07 March 2008
I WAS TOLD BY A FEW BANKS OF MINE (PUBLIC AND PRIVATE BANKS) WHERE I HAVE S.B. ACCOUNT ABOUT A PRACTICE THAT A CHEQUE FOR AN AMOUNT BELOW RS. FIVE CANNOT BE ISSUED. BUT THIS IS MORE OF A GUIDELINE RATHER THAN A HARD LINE. BUT OUT STATION CHEQUES IF WE ISSUE FOR RS 2, I AM AFRAID , THE COLLECTION CHARGES WILL BE HIGHER THAN RS. 2. R.V.RAO
CAclubindia
